Downloading...
Download

Bearish Cypher

XAUUSD: Bearish Cypher at Structure. A Multi-Timeframe LookPotential Bearish Cypher pattern on Gold Hourly completing at $1,102,47. The lower chart takes a look at the higher timeframe (240min) where previous structure support turned resistance rests along the same area as the potential Cypher pattern. No Live Room on Monday's but usually this would be the type of situation where we zoom down to the lower timeframes and see if there is any opportunity to catch the move before the move. Especially with this current price action. No youtube video last week, but as always I did write a brief article recapping my trading week. "Trading Recap Week 46: Are You Getting Enough Reps?" goo.gl And before you go, do me a favor and SMASH THAT LIKE BUTTON! Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
FX:XAUUSDShort
by Akil_Stokes
10
EURUSD 1 Hour: 3 Advanced Patterns Setting Up/ Ideas for a VideoComing off a massive week in the Syndicate it’s somewhat refreshing to have only taken a single trade this week. Well two if you count the AUDUSD Bull bat that just filled a few hours ago (60min). Either way a slow week often means that there are a lot of potential patterns going through there setup legs and the EURUSD is a prime example. Three potential patterns on this pair, on this time frame. A potential Bullish Gartley, a Bearish Gartley, and a Bearish Cypher. Not much on the news front until tomorrows ECB Press Conference and our normal Thursday Unemployment Claims, so we’ll see how things pan out. Also, as many of you know I put out a weekly trading video on my youtube page every Thursday. www.youtube.com Well this week I’m a little short on ideas, so if you have something that you’d like to be discussed do me a favor and leave your comment under this video and I’ll go through them before tomorrow’s recording starts. Good luck in the markets traders and remember… PLAN YOUR TRADE, & TRADE YOUR PLAN Akil Stokes Chief Currency Analyst at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com
by Akil_Stokes
137
S&P 500 INDEX: BEARISH CYPHER PATTERN COMPLETED ON 4 HR !!!Hello Traders, We just got the completion of a valid bearish cypher pattern on FX:SPX500 . Market is right at the completion point of this pattern. The risk to reward for 1st target is one to one. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
FX:SPX500Short
by moneymaking
3
USDJPY: BEARISH CYPHER PATTERN WITHIN CONSOLIDATION ZONE !!!Hello Traders, For the past 6 weeks, FX:USDJPY is in ugly consolidation phase. Within this consolidation phase we are getting a potential valid bearish cypher pattern that is close to the completion point. Looking at this pair on the 4 HR chart, we see this market squeezing further into a wedge pattern. We have gotten 2 false breakouts out of the wedge pattern from both directions. Thus, trading this pair based on the wedge pattern alone is NOT the way to go. The much more reasonable way to trade this pair, is through this current bearish cypher pattern. As we all know, harmonics patterns tend to work very nicely within consolidation zones. I have included the 4 HR chart in the description below, in order to show everyone the wedge pattern that has been forming. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
4
Short USDJPY: Possible Wolfe Wave & Bearish Cypher -TIGHT PRZUSDJPY is forming a possible Bearish Cypher pattern, potentially ending in the territory of an optimal Wolfe Wave SELL zone. If price reaches this level I would expect a quick reversal as this area is highly confluent with multiple key levels of interest. Stop loss can be placed above S/R with a target at .382CD. Confluence in the PRZ: 1. Bearish Cypher Completion 2. 1.272BC 3. 2AB=BC 4. Possible WW Reversal Zone Follow for updates and trade ideas
Short
by glennmercer
1
GBPJPY: BEARISH CYPHER PATTERN WITH THE OVERALL TREND ON 4 HR !!Hello Traders, Here we have a VALID BEARISH CYPHER PATTERN on FX:GBPJPY , that is close to the completion point. Do keep in mind that the major trend direction is BULLISH on the Daily, Weekly, and Monthly charts. This cypher pattern has been created after breaking the previous resistance level (LH). This is a good signal of POSSIBLE trend change back to the upside after being in a huge selloff for the past 17 days. So this might me considered as a counter-trend trade setup, but in reality all cypher patterns have to break structure in order to form a valid CD leg. Thus, we would need more proof from the market before considering the break of LH as being a valid signal for a trend change. See the chart above for more details. NOTE #1: We have Manufacturing Production m/m news coming out of UK @ 4:30 am today. If the pattern is not complete before this time, then I will NOT be taking this trade. Will be staying on the safe side. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
27
USD-CAD Potential bearish Cypher pattern completionHere we have a potential bearish Cypher pattern with trend. The Risk/Reward is not very good on this one about a 1:1 because of the last resistance area showed on the chart to be safe. We got about a 75-80 % win rate on this pair with Cyphers so thats the only reason for taking a 1:1 trade here! DISCLAIMER this is NOT a valid Cypher pattern, i made this idea too fast and oversaw the A-B retracement closed above the 0.618 fib retrcement!! But TradindView don´t allow you to delete your posts. Kind regards, Thomas Jeff
Short
by UnknownUnicorn101425
4